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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Zendesk Stock Earns Technical Rating Upgrade

Zendesk had its Relative Strength (RS) Rating upgraded from 65 to 81 Monday at the close of trading, a welcome improvement. It has now cleared the technical benchmark of 80.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Zendesk can continue to rebound and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

While Zendesk is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern.

Zendesk stock showed 45% EPS growth in the latest quarterly report, while sales growth came in at 32%. Look for the next report on or around Apr. 29.

The company holds the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Zendesk and Akamai Technologies are also among the group's highest-rated stocks.

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